201201199 - Laserfiche WebLink

Browse

201201199 for the repaixs nnd iestoration in a single payment or in a series of progress payrrients as Yhe worl< ie completed. If the insuranec or sondemnation proceeds are not suPf cient to repair or restore thc Property, Borrower is noC relieved oP Borrower's oUligation For t'he compleCion of sueh repair or resCOration. Lender or 3ts agenC may make reasonnUle entries upon and inspections oP tlia Property. IP il has reasonable causc, ].�nder inay inspect the inCerior of thc improvemenYs on the Pxoperty. Lcudcr s6a11 give IIorrower notice aC tlie Cime of oc prior to such an interior inspectiau spenifyi¢g such reasqnable eause. 8. Borrower's Loan Application. Borrowcr shall be in default if, during the Loan applieaCion process, Rorrower or a��y persons or entitics acting at Che direction of Borrowcr or with B�rrower's laiowledgc or consent gave materially falsc, misleading, or inaccurate information or sLatemenYS to Lender (or Pailed to provide L,ender with material infonnatian) in connecCion with the Loui. Material rcpcesenCaYions include, but are not limited Co, representations conccraing Borrower's occnpancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. lf(a) Borrower fails to perform the covenants and agreements containcd in Chis 5ecurity Iush•ument, (b) Ihere is a tegal proceeding that might signifieapCly affect Lender's inCerest in the Property and/oe cighls under Chis Secuxiry InstrurnenC(such as a p�roceeding in bankrupCCy, probate, for condemnatioii or forfeiCure, for enYorcement of a lien which may attain priori�y over thie Secuxiry H�stru�nent or to enforce laws or regulations), or (e) Borrower hae abandoned tl�e Property, then Lender may do and pay for whatever is reasonable or appropriate to pirotccC l,ender's interest in the ProperCy and righCS under this Security I��strumenC, including proCCCting and/or assessing Uie valuc of the Property, and securing and/or repairing the Property. Lcnder's actions ean include, but are noC limi[ed to: (a) paying any sums secured by a lien whiuh has priority over this Secuiity Insu�ument; (b) appea�ing in court; and (c)paying reasonaUle attorncys' fees to proteeC its interest in the PropexCy and/or riglits under diis Security 1nat�umenY, inchiding ite sccured position in a baillauptcy proceeding. Securing the Property includes, but is not limited to, cnCering the Property to ma[ce repairs, cliange locks, xeplace or boacd up doors and windowe, drain wat�r fi•om pipes, clinrninaCe building or otlier code violations or dangerous conditions, and havc ulilities tunted on or off. Altl�oug�h Lender may talce action under this Seetion 9, Lei�der docs nol have to dt� so and is not under any duty or obligatiou to do so. It is agreed thaC Lender incurs no liability for not tnlcing 1i�y or all actions authorized under this Seetion 9. Any amounes disblused Uy Lender ui�der this Secti�n 9 shall bewme adcliCional debC of Borrower sccured by Cliis Secui�ty Insh�umeiit. Thcsc amounts shall be2r interesC xC thc Nole cate fi•pm tl�e date of disbursemenC aod shall be payable, wifh such interest, upon uotice from Lender to Borrower requesting payment. If Yhis Security Instrun�enC is on a leaeehold, Borrower shall comply with all tlie prov3sions oP the lease. If Borro�uer acquires fee title to Che Property, t1ie leasehold and Che fee Citle sh.ill not merge unless I,ender agrees to the merger in writing, 10. IVIorYgage Insurance. If Lender required Morl:gage Insurance as a co»dition of making Clie Lo�m, Borrower shall pay the premiums eec�uired to maintain the MorCgage Insaranco in efPecl. Tf, fa�any reasoii, fl�e MorCgage Insurance coverage rcquired by Lender ceases to be avallab[e from the�nortgflge insurci Chat previously provided such insurance and Borrowec was requicad to make separately clesignaCed paymenCs toward the premiums for MorCgage I��suxnnce,Borrower shall pay the premiuins iroc�uired to obtain coverage substanCially equlvalent to tlie Mor[gage I�isuxance previously in eEfect, .rt a cost substantially equivaleiit to the cost Co Borrowex of tl�e Mortgage Insurance previously in effect, fi�om an alCeruate mort�;age insurcr seleeted by Le�ider. If subsCanlially equivalen[Mortgage Ivsurance coverage is uot.ivailable, Borrower sliall zaonoze� NE6RASKA-Single Femity�Fonnio Moo/Freddle Meo VNIFOFM IN9TRUMENT Forin 3028�l0� yMp� VMPB(NE�(11061 Wol[e[s Kluwer Flnenciel Servloee Pnge 0 ai 1�